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Tuesday, August 27, 2019

What is the difference between a co-op housing society and a co-op housing service provider society?

Babji Yana's answer at Quora on 19th May 2019

Housing Coop Society rhymes with Industrial Coop Society, Agrl Coop Society, Farmers Coop Society, Weavers Coop Society, Fishermen Coop Society, Producers Coop Society, Consumers Coop Society, Credit Coop Society, Marketing Coop Society and so on. The very purpose is indicated in the prefix to a Coop society that gets registered with the Registrar of Coop Societies. Objectives incorporated in the document will tell about its activities.
A Housing Cooperative Society (HCS) is no doubt registered under Coop Societies Act. There can be various types of Housing Coop Societies as per the activity/service intended to be provided/availed by its members, say - house building, tenant ownership, co-partnership, mutual housing, apartment owners etc.
A Coop Housing Service Provider Society could be a type of Housing Coop Society formed to create houses for providing housing to its members at affordable rates, low-interest loans, tax benefits and grants Or any other services that it intends to provide.

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